REDUCE THE FEE RATE FOR GRANT OF CERTIFICATES OF REGISTRATION FOR FUND CERTIFICATE DISTRIBUTION BY 50% FROM JULY 01
On April 28, 2022, the Ministry of Finance issues the Circular No. 25/2022/TT-BTC providing for charge and fee rates and the collection, remittance, management and use of the securities charges and fees.
Accordingly, to reduce the fee rate for grant of a certificate of registration for fund certificate distribution from 10 million VND to 5 million VND. At the same time, the charge rate for management of an unlisted public company that has not been registered for trading is VND 830,000. Noticeably, the charge rates for securities operation supervision are also changed in comparison to that in the previous regulations. To be specific:
Firstly, for Stock Exchange, the charge rates applicable to stocks, fund certificates, covered warrants and corporate bonds are 0.0081% and 0.00315% of the trading value, respectively (the chare rates specified in previous regulations are 0.009% and 0.0035% of the trading value, respectively).
Secondly, for reimbursing banks, the charge rates applicable to stocks, fund certificates, covered warrants and corporate bonds are 0.001% and 0.0001% of the clearing, net settlement value/payment day, but not more than VND 1,000,000/day, respectively, etc.
This Circular takes effect on July 01, 2022.
